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Ligand has received $47M as a result of signing an amendment relating to its OmniAb platform agreement
June 27, 2018
By: Tim Wright
Editor-in-Chief, Contract Pharma
Ligand Pharmaceuticals has received $47 million as a result of signing an amendment relating to its OmniAb platform agreement with WuXi Biologics. This amendment provides WuXi Bio more efficiency in expanding its OmniAb antibody discovery services. Under the previous license agreement, OmniAb antibodies discovered and sub-licensed by WuXi Bio generated potential pre-defined contract payments to Ligand and potential royalties on global product sales. Under the amended agreement, Ligand will co...
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